Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

CoreSite Keeps Dividend Steady

Amount will be payable Oct. 15 for shareholders of record as of Sept. 30.

Data center provider CoreSite Realty (NYSE:COR) today announced plans to keep its dividend steady this quarter at $0.27 per share of common stock.

This is the same amount the company has paid since January, after raising its payout 50% from $0.18 per share. CoreSite has recorded a quarterly company dividend since December 2010.

The latest CoreSite dividend will be payable on Oct. 15 to shareholders of record as of Sept. 30. On an annualized basis, the company's payout adds up to $1.08. As of the market's close on Aug. 29, CoreSite stock was trading at $30.78, which means the company's dividend currently yields 3.5%.